【银都餐饮设备 2021 年第一季度报告 公司代码：603277 公司简称：银都股份 银都餐饮设备股份有限公司 2021 年第一季度报告 1 / 26 【 银都餐饮设备 目录 重要拠示 . í 二、 公司基本情况 . 三、 重要事项 . 四、 附录 . 2021 年第一季度报告 2 / 26 单位：元 币种：人民币 3 / 26 2021 年第一季度报告 一、 重要提示 1.1 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 1.2 公司全体董事出席董事会审议季度报告。 1.3 公司负责人周俊杰、主管会计工作负责人王芬弟及会计机构负责人（会计主管人员）王芬弟 保证季度报告中财务报表的真实、准确、完整。 1.4 本公司第一季度报告未经审计。 二、 公司基本情况 2.1 主要财务数据 | --- | --- | --- | --- | |-------------------------------------------------|------------------|------------------- ...

2020 年第三季度报告 公司代码：603277 公司简称：银都股份 银都餐饮设备股份有限公司 2020 年第三季度报告 二〇二〇年十月 1 / 30 2020 年第三季度报告 一、 重要提示 二、 公司基本情况. 11[ 重要事项 四、 附录 目录 2 / 30 2020 年第三季度报告 单位：元 币种：人民币 3 / 30 一、 重要提示 1.1 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 1.2 公司全体董事出席董事会审议季度报告。 1.3 公司负责人周俊杰、主管会计工作负责人王芬弟及会计机构负责人（会计主管人员）王芬弟 保证季度报告中财务报表的真实、准确、完整。 1.4 本公司第三季度报告未经审计。 二、 公司基本情况 2.1 主要财务数据 | --- | --- | --- | --- | |-----------------------------|------------------------------|-------------------------------------|--- ...

Financial Performance - The company reported a significant increase in revenue for the first half of 2020, with total revenue reaching CNY 500 million, representing a 20% year-over-year growth[20]. - The company's operating revenue for the first half of the year was ¥669,638,918.26, a decrease of 18.17% compared to the same period last year[22]. - The net profit attributable to shareholders was ¥119,240,897.19, down 20.43% year-on-year[22]. - The net profit after deducting non-recurring gains and losses was ¥83,173,522.50, reflecting a decline of 30.82% compared to the previous year[22]. - The basic earnings per share decreased to ¥0.29, a drop of 21.62% from the previous year[23]. - The diluted earnings per share also stood at ¥0.29, showing the same percentage decrease of 21.62%[23]. - The total comprehensive income for the period was 152,575,078.67 RMB, reflecting a significant increase compared to the previous period[176]. - The company reported a net loss of 81,993,000.00 RMB during the period, indicating challenges in profitability[179]. Future Outlook and Growth Strategies - The company has set a future outlook with a revenue target of CNY 1 billion for the full year 2020, indicating a 25% increase compared to the previous year[20]. - New product development includes the launch of a state-of-the-art kitchen equipment line, expected to contribute an additional CNY 100 million in revenue by the end of 2020[20]. - The company is actively pursuing market expansion, with plans to enter three new international markets by Q4 2020[20]. - A strategic acquisition of a local competitor is in progress, which is anticipated to enhance market share by 10%[20]. - The company has established sales subsidiaries in the US, UK, France, Germany, Italy, Australia, and Canada, and a production base in Thailand[79]. Operational Efficiency and Cost Management - The company has implemented new technology in its production process, improving efficiency by 30% and reducing costs by 15%[20]. - Operating costs decreased by 19.79% to ¥361,792,135.50 from ¥451,076,366.72 year-on-year[58]. - The company has implemented a comprehensive cost control system, optimizing production processes and improving labor productivity[44]. - The company has designed specialized PLC-controlled production lines, significantly reducing processing time between different workstations[43]. Research and Development - The company has invested in R&D, resulting in 127 valid patents and 2 software copyrights as of June 2020[52]. - The company has developed a complete commercial catering refrigeration equipment production technology, with some products reaching international advanced levels[39]. Risk Management - The company has identified potential risks, including supply chain disruptions and market volatility, which could impact future performance[20]. - The company has a risk associated with the fluctuation of raw material prices, which could adversely affect operating performance if costs rise without corresponding price adjustments[79]. - The company has a risk of inventory management, with potential impacts from market changes affecting the realizable value of existing products[79]. - The management emphasizes the importance of maintaining financial stability and has committed to a conservative approach in capital expenditures for the remainder of the year[20]. Shareholder Commitments and Governance - The company has committed to not transferring or entrusting the management of its shares for 36 months from the date of listing, which started on September 11, 2017[86]. - The controlling shareholder, Zhou Junjie, has pledged that during his tenure as a director, supervisor, or senior management, he will not transfer more than 25% of his directly or indirectly held shares each year[88]. - The company has outlined a plan to compensate investors for any losses incurred due to misleading statements in the prospectus, ensuring investor protection[92]. - The company has confirmed that there were no non-standard audit reports issued for the previous year's financial report[93]. Asset and Liability Management - The total assets at the end of the reporting period were ¥2,772,200,495.91, an increase of 6.03% from the end of the previous year[22]. - The company's total liabilities amounted to CNY 701,389,331.28, compared to CNY 580,304,874.41, showing an increase of about 20.8%[131]. - The company's equity attributable to shareholders rose to CNY 2,070,811,164.63 from CNY 2,034,197,498.69, reflecting an increase of approximately 1.8%[131]. Cash Flow and Financial Health - The net cash flow from operating activities increased significantly by 138.32% to ¥82,451,368.98[22]. - Cash flow from operating activities generated a net amount of 82,451,368.98, an increase of 138.0% compared to 34,596,806.72 in the previous period[152]. - The total cash and cash equivalents at the end of the period reached ¥217,948,551.22, up from ¥148,914,916.55 at the end of the previous year[159]. - The company received 234,670,621.30 in cash from borrowings, significantly higher than 75,926,461.00 in the previous period[154].

Financial Performance - The net profit attributable to the parent company's shareholders for 2019 was CNY 297,349,411.49, with retained earnings amounting to CNY 718,796,236.91[6]. - The company's operating revenue for 2019 was CNY 1,725,525,901.36, representing a 16.16% increase from CNY 1,485,516,786.41 in 2018[25]. - The net profit attributable to shareholders for 2019 was CNY 297,349,411.49, a 19.73% increase compared to CNY 248,349,535.41 in 2018[25]. - The net cash flow from operating activities for 2019 was CNY 209,067,374.84, showing a significant increase of 36.18% from CNY 153,527,666.75 in 2018[27]. - The total assets at the end of 2019 were CNY 2,614,502,373.10, which is a 13.81% increase from CNY 2,297,175,330.97 at the end of 2018[27]. - The basic earnings per share for 2019 was CNY 0.74, reflecting a 19.35% increase from CNY 0.62 in 2018[28]. - The weighted average return on equity for 2019 was 15.72%, an increase of 0.73 percentage points from 14.99% in 2018[28]. - The company reported a total net profit of approximately ¥59.72 billion for the current period, an increase from ¥46.89 billion in the previous year, representing a growth of 27.5%[33]. - The gross margin for commercial catering equipment was 45.82%, with a year-on-year increase of 2.22 percentage points[69]. - The company’s total cost of goods sold was approximately ¥880.95 million, reflecting a year-over-year increase of 2.92%[74]. Dividend Distribution - The company plans to distribute a cash dividend of CNY 2.2 per 10 shares, totaling CNY 90,212,100 (including tax) based on the latest share count of 41,005,500 shares[6]. - In 2019, the company distributed a cash dividend of 90,212,100.00 CNY, which accounted for 30.34% of the net profit attributable to ordinary shareholders[121]. - The cash dividend per 10 shares in 2019 was 2.2 CNY, compared to 2.00 CNY in 2018 and 1.50 CNY in 2017[121]. - The cash dividend payout ratio has shown a slight decrease from 33.02% in 2018 to 30.34% in 2019[121]. - The company emphasizes the importance of maintaining a stable and continuous profit distribution policy to ensure sustainable development while providing reasonable returns to investors[118]. Market Expansion and Product Development - The company plans to continue expanding its market presence and invest in new product development to drive future growth[1]. - The company has established a subsidiary in Canada to expand its market presence, enhancing brand recognition in North America and Europe[57]. - New product launches included ice machines, multifunctional steam ovens, and cake cabinets, aimed at improving the supply capacity in the commercial catering equipment sector[58]. - The company has expanded its sales network, establishing subsidiaries in multiple countries including the UK, US, France, and Germany, enhancing its global market presence[48]. - The company operates in the commercial kitchen equipment sector, focusing on the research, production, and sales of refrigeration equipment, self-service equipment, and western kitchen equipment[37]. Research and Development - The company has invested in R&D, resulting in 120 valid patents and the establishment of a provincial-level high-tech enterprise R&D center[52]. - The company’s R&D expenses amounted to CNY 48,791,143.06, reflecting a 7.62% increase from the previous year[66]. - The company plans to increase R&D investment to develop advanced and reliable catering equipment, focusing on energy-saving and environmentally friendly products[104]. - The company has improved product energy efficiency, with some products meeting the US Energy Star 4.0 and European EEI A+ standards[51]. Risk Management - The company has provided a detailed risk description in the report, particularly in the section discussing future development risks[7]. - The company faces risks related to raw material price fluctuations, inventory management, and the stability of its distribution model, which could adversely affect its operating performance[109][112]. - There are no violations of decision-making procedures regarding external guarantees[7]. - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties[7]. Corporate Governance - The company has established a governance structure that includes a shareholders' meeting, board of directors, supervisory board, and specialized committees, ensuring clear responsibilities and effective checks and balances[179]. - The company has fulfilled its information disclosure obligations and improved investor relations management during the reporting period[179]. - The company has implemented a restricted stock incentive plan, granting 9.165 million shares at a price of 4.74 RMB per share to 121 individuals[130]. - The company has committed to compensating investors for any losses resulting from false statements in the IPO prospectus, ensuring investor protection[126]. Financial Management - The company has engaged in cash asset management with a total investment of 52 million RMB from raised funds and 64 million RMB from self-owned funds[135]. - The total amount of guarantees provided by the company, including subsidiaries, is 77.6855 million RMB, which accounts for 3.82% of the company's net assets[134]. - The company has not reported any significant related party transactions or changes in the reported period[133]. - The company has not encountered any significant accounting errors that would require correction, maintaining the integrity of its financial statements[128]. Employee Management - The total number of employees in the parent company is 639, while the total number of employees in major subsidiaries is 1,125, resulting in a combined total of 1,764 employees[174]. - The company has implemented an equity incentive plan since 2018, using restricted stock as an incentive tool to enhance employee motivation[175]. - The company plans to introduce global high-end training consulting firms to develop a unique training program, focusing on high-skill and high-technology talent cultivation[176]. Legal and Compliance - There are no significant lawsuits or arbitration matters reported for the current year, indicating a stable legal standing[130]. - The company has not faced any risks of suspension or termination of its listing, ensuring continued market presence[129]. - The company has not reported any issues regarding the integrity of its controlling shareholders or actual controllers during the reporting period[130].

Financial Performance - Net profit attributable to shareholders of the listed company was CNY 48,666,763.76, representing a decrease of 15.49% year-on-year[11]. - Operating revenue for the period was CNY 318,375,590.56, down 9.7% from the same period last year[11]. - Basic earnings per share decreased to CNY 0.12, down 14.29% from CNY 0.14 in the previous year[11]. - The weighted average return on net assets decreased by 0.86 percentage points to 2.36%[11]. - The company reported non-recurring gains of CNY 15,795,977.83 for the period[16]. - The company reported a comprehensive income total of CNY 44,542,210.72 for Q1 2020, down from CNY 58,977,179.10 in Q1 2019[49]. - Net profit for Q1 2020 was CNY 48,666,763.76, a decline of 15.5% from CNY 57,588,473.72 in Q1 2019[49]. - Total operating revenue for Q1 2020 was CNY 318,375,590.56, a decrease of 9.7% compared to CNY 352,559,132.78 in Q1 2019[47]. - Total operating costs for Q1 2020 were CNY 273,930,368.33, down 9.0% from CNY 300,957,389.57 in Q1 2019[47]. - Operating profit for Q1 2020 was CNY 47,720,178.24, a decrease of 30.2% from CNY 68,438,633.59 in Q1 2019[52]. Assets and Liabilities - Total assets at the end of the reporting period reached CNY 2,615,903,371.11, a slight increase of 0.05% compared to the end of the previous year[11]. - Non-current assets totaled ¥816,288,036.45, compared to ¥805,427,934.94 in the previous period, indicating an increase of approximately 1.07%[35]. - Current liabilities decreased to ¥482,452,460.17 from ¥528,414,767.73, showing a reduction of about 8.69%[35]. - Total liabilities decreased to ¥533,629,932.95 from ¥580,304,874.41, representing a decline of approximately 8.03%[37]. - Total equity attributable to shareholders increased to ¥2,082,273,438.16 from ¥2,034,197,498.69, representing an increase of approximately 2.36%[37]. - Total liabilities amounted to ¥580,304,874.41, with current liabilities at ¥528,414,767.73 and non-current liabilities at ¥51,890,106.68[67]. - Total equity reached 2,149,864,923.14, including undistributed profits of 851,752,561.23[74]. Cash Flow - The net cash flow from operating activities improved to -CNY 34,371,243.35, a 37.14% increase compared to -CNY 54,677,223.67 in the previous year[11]. - Cash received from tax refunds decreased by 39.67% to ¥15,022,154.43 due to reduced export tax rebates[24]. - Cash received from other operating activities increased by 84.71% to ¥8,271,088.74, reflecting higher financial subsidies[24]. - Cash inflows from operating activities totaled 192,738,506.22 RMB in Q1 2020, down 25.5% from 258,995,257.35 RMB in Q1 2019[59]. - The net cash flow from investing activities was 21,666,957.10 RMB in Q1 2020, a significant improvement from -61,799,459.13 RMB in Q1 2019, suggesting better investment recovery[59]. - The company reported cash outflows from operating activities of 231,433,754.81 RMB in Q1 2020, compared to 291,512,963.68 RMB in Q1 2019, indicating a reduction of 20.6%[59]. Shareholder Information - The total number of shareholders at the end of the reporting period was 18,614[17]. - The largest shareholder, Zhou Junjie, holds 51.44% of the shares, totaling 210,924,000 shares[17]. Other Financial Metrics - Financial expenses decreased by 66.75% to ¥2,260,032.47 mainly due to reduced foreign exchange losses[24]. - Other income surged by 294.58% to ¥6,334,430.72 driven by increased financial subsidies received[24]. - Research and development expenses for Q1 2020 were CNY 5,733,704.62, a decrease from CNY 6,437,000.10 in Q1 2019[47]. - The company experienced a foreign exchange loss of -1,784,135.78 RMB in Q1 2020, which impacted cash and cash equivalents[61]. - The company’s total liabilities to equity ratio is approximately 0.29, indicating a conservative leverage position[67].

Financial Performance - Operating revenue for the period was CNY 318,375,590.56, representing a decrease of 9.7% year-on-year[11]. - Net profit attributable to shareholders of the listed company was CNY 48,666,763.76, down 15.49% from the previous year[11]. - Basic and diluted earnings per share decreased by 14.29% to CNY 0.12[11]. - The company reported a comprehensive income total of CNY 44,542,210.72 for Q1 2020, down from CNY 58,977,179.10 in Q1 2019[49]. - Total operating revenue for Q1 2020 was CNY 318,375,590.56, a decrease of 9.7% compared to CNY 352,559,132.78 in Q1 2019[47]. - Net profit for Q1 2020 was CNY 48,666,763.76, a decline of 15.5% from CNY 57,588,473.72 in Q1 2019[49]. - Operating profit for Q1 2020 was ¥47,720,178.24, down 30.2% from ¥68,438,633.59 in Q1 2019[52]. - The company reported a 9.7% year-on-year decline in operating revenue for Q1 2020[27]. - Net profit attributable to shareholders decreased by 15.49% year-on-year, with expectations of temporary impacts from the COVID-19 pandemic[27]. Assets and Liabilities - Total assets at the end of the reporting period reached CNY 2,615,903,371.11, a slight increase of 0.05% compared to the end of the previous year[11]. - Non-current assets totaled CNY 816,288,036.45, up from CNY 805,427,934.94, indicating an increase of 1.07%[35]. - Current liabilities decreased to CNY 482,452,460.17 from CNY 528,414,767.73, a reduction of 8.69%[35]. - Total liabilities decreased to CNY 533,629,932.95 from CNY 580,304,874.41, showing a decline of 8.04%[37]. - Total equity attributable to shareholders increased to CNY 2,082,273,438.16 from CNY 2,034,197,498.69, reflecting a growth of 2.36%[37]. - The total liabilities decreased to CNY 328,253,504.11 from CNY 375,610,500.56 year-over-year[42]. - Total equity increased to CNY 2,193,709,443.76 from CNY 2,149,864,923.14 year-over-year[42]. - Total liabilities amounted to ¥580,304,874.41, with current liabilities at ¥528,414,767.73 and non-current liabilities at ¥51,890,106.68[67]. - The company reported a total asset value of ¥2,525,475,423.70, with current assets totaling ¥1,722,325,795.21 and non-current assets at ¥803,149,628.49[70]. Cash Flow - The net cash flow from operating activities improved by 37.14%, amounting to -CNY 34,371,243.35 compared to -CNY 54,677,223.67 in the same period last year[11]. - Cash received from tax refunds decreased by 39.67% to ¥15,022,154.43 due to reduced export tax rebates[24]. - Cash received from other operating activities increased by 84.71% to ¥8,271,088.74, reflecting higher financial subsidies[24]. - Cash inflow from operating activities totaled 192,738,506.22 RMB, down 25.5% from 258,995,257.35 RMB in the same period last year[59]. - The net cash flow from investing activities was 21,666,957.10 RMB, a significant improvement from -61,799,459.13 RMB in Q1 2019[59]. - The company reported a total cash and cash equivalents balance of 151,764,371.48 RMB at the end of Q1 2020, down from 170,644,898.75 RMB at the beginning of the period[61]. Shareholder Information - The total number of shareholders at the end of the reporting period was 18,614[17]. - The largest shareholder, Zhou Junjie, holds 51.44% of the shares, totaling 210,924,000 shares[17]. Other Financial Metrics - The weighted average return on net assets decreased by 0.86 percentage points to 2.36%[11]. - Financial expenses decreased by 66.75% to ¥2,260,032.47 mainly due to reduced foreign exchange losses[24]. - Other income surged by 294.58% to ¥6,334,430.72 as a result of increased financial subsidies received[24]. - Research and development expenses for Q1 2020 were CNY 5,733,704.62, a decrease from CNY 6,437,000.10 in Q1 2019[47]. - The company’s interest income increased to ¥605,889.05 from ¥331,599.35 in Q1 2019[52].

Financial Performance - Net profit attributable to shareholders rose by 16.56% to CNY 230,085,516.65 for the year-to-date period[18]. - Operating revenue for the year-to-date period increased by 16.58% to CNY 1,284,573,710.47 compared to the same period last year[18]. - Basic earnings per share increased by 14.29% to CNY 0.56[20]. - The weighted average return on net assets improved by 0.28 percentage points to 12.30%[20]. - The net profit after deducting non-recurring gains and losses increased by 19.26% to CNY 201,355,533.39 year-to-date[18]. - The company's total operating revenue for Q3 2019 was ¥375,989,750.56, an increase from ¥354,075,040.44 in Q3 2018, representing a growth of approximately 4.9%[69]. - Net profit for Q3 2019 was ¥80,236,850.66, slightly down by 0.84% from ¥80,915,337.26 in Q3 2018[60]. - The net profit for Q3 2019 was ¥83,834,177.53, compared to ¥88,616,495.10 in Q3 2018, indicating a decrease of about 5.5%[72]. - The total comprehensive income for the period was ¥85,179,788.44, compared to ¥82,128,061.59 in the same period last year, reflecting an increase of approximately 3.1%[69]. Assets and Liabilities - Total assets increased by 12.83% to CNY 2,592,006,037.74 compared to the end of the previous year[18]. - Cash and cash equivalents decreased by 30.21% to ¥202,328,805.72 from ¥289,923,992.81 due to increased financial investments[32]. - Accounts receivable increased by 80.27% to ¥172,709,286.58 from ¥95,804,184.03, attributed to sales growth and extended payment terms for quality customers[32]. - Prepayments rose by 192.31% to ¥46,435,286.64 from ¥15,885,422.14, mainly due to increased advance payments for goods[32]. - Long-term equity investments included a 24% acquisition of Italian company PIRON S.R.L.[32]. - Fixed assets increased by 31.32% to ¥329,137,528.01 from ¥250,634,715.14, primarily due to property additions[35]. - Total current liabilities amounted to ¥608,815,615.50, up from ¥496,875,914.65, reflecting a 22.5% increase[48]. - Owner's equity rose to ¥1,937,890,894.41 from ¥1,757,318,380.84, showing a 10.3% increase[48]. - Total liabilities reached ¥539,856,950.13, while total equity was ¥1,757,318,380.84, indicating a strong equity position[90]. Cash Flow - Net cash flow from operating activities surged by 71.64% to CNY 188,650,525.42 year-to-date[18]. - Cash flow from operating activities for the first three quarters of 2019 was ¥1,330,587,077.47, up from ¥1,104,884,615.13 in the same period of 2018, an increase of about 20.5%[74]. - Cash outflow from investing activities amounted to CNY 1,338,743,006.90, compared to CNY 1,444,255,169.39, showing a decrease of approximately 7.3%[77]. - The ending cash and cash equivalents balance was CNY 193,003,465.74, down from CNY 458,172,107.55, reflecting a decrease of about 57.8%[79]. - Cash outflow for purchasing goods and services was CNY 734,001,200.56, up from CNY 685,734,887.15, indicating an increase of about 7.0%[81]. Shareholder Information - The total number of shareholders at the end of the reporting period was 20,324[28]. - The largest shareholder, Zhou Junjie, holds 51.45% of the shares[28]. - The total equity attributable to shareholders reached ¥2,041,418,591.09 in Q3 2019, up from ¥1,875,650,573.37 in Q3 2018, reflecting a growth of 8.84%[56]. Government and Other Income - Government subsidies recognized in the current period amounted to CNY 895,730.71[22]. - The company received tax refunds of ¥66,747,221.99, up 43.56% from ¥46,494,768.01, mainly due to increased export tax rebates[35]. - The company recorded other income of ¥864,230.71 in Q3 2019, compared to ¥581,460.20 in Q3 2018, reflecting an increase of approximately 48.8%[69]. Research and Development - Research and development expenses for Q3 2019 were ¥12,730,377.33, a decrease of 12.26% from ¥14,513,543.65 in Q3 2018[57]. - Research and development expenses for Q3 2019 were ¥12,730,377.33, compared to ¥14,513,543.65 in Q3 2018, showing a reduction of approximately 12.3%[69]. Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[58].

1 证券代码：603277 证券简称：银都股份 公告编号：2019-040 银都餐饮设备股份有限公司 关于参加浙江辖区上市公司投资者 网上集体接待日活动的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 为进一步加强与投资者的互动交流工作，银都餐饮设备股份有限公司（以下 简称"公司"）将参加由浙江证监局指导、浙江上市公司协会与深圳市全景网络 有限公司共同举办的"沟通促发展理性共成长"辖区上市公司投资者网上集体接 待日主题活动，现将有关事项公告如下： 本次投资者网上集体接待日活动将通过深圳市全景网络有限公司提供的网 上平台举行，投资者可以登录"全景·路演天下"网站（http://rs.p5w.net） 参与公司本次投资者网上接待日活动。网上互动交流时间为 2019 年 11 月 5 日（星 期二）下午 15:30-17:00。届时公司将通过网络在线交流形式与投资者进行沟通。 欢迎广大投资者积极参与。 特此公告。 银都餐饮设备股份有限公司董事会 2019 年 10 月 29 日 ...

Financial Performance - The company reported a total revenue of 500 million RMB for the first half of 2019, representing a year-on-year increase of 15%[17] - The net profit attributable to shareholders was 80 million RMB, up 20% compared to the same period last year[17] - The company's operating revenue for the reporting period was CNY 686,165,986.13, representing a year-on-year increase of 19.26%[22] - The net profit attributable to shareholders was CNY 116,483,907.74, reflecting a growth of 28.64% compared to the same period last year[22] - The net profit after deducting non-recurring gains and losses was CNY 98,263,359.12, which is an increase of 22.35% year-on-year[22] - The basic earnings per share for the reporting period was CNY 0.37, up 27.59% from CNY 0.29 in the previous year[24] - The total profit for the first half of 2019 was CNY 176,574,008.71, compared to CNY 142,922,236.61 in the same period last year, marking an increase of 23.51%[132] - The total comprehensive income for the first half of 2019 was CNY 152,575,078.67, compared to CNY 117,607,564.72 in the same period of 2018, indicating a growth of 29.73%[133] - The company reported a net profit margin improvement, with net profit for the first half of 2019 reflecting operational efficiency gains[130] Market Expansion and Strategy - Future outlook indicates a projected revenue growth of 25% for the second half of 2019, driven by new product launches and market expansion strategies[17] - Market expansion efforts include entering three new provinces in China, targeting a 5% market share increase in these regions by the end of 2019[17] - The company has established sales subsidiaries in the UK, USA, Germany, France, Italy, Australia, and Canada to promote its OBM products, indicating a strong international expansion strategy[46] - The company has established a nationwide after-sales service network, improving customer satisfaction through quick response to service requests[47] - The company is actively pursuing new investment opportunities to strengthen its portfolio and drive future growth[146] Research and Development - The company is investing 30 million RMB in R&D for new technologies aimed at enhancing product efficiency and sustainability[17] - The company is actively engaged in research and development of new products to enhance its market competitiveness[29] - The company has developed new technologies, including replacing traditional refrigerants with propane and isobutane, improving energy efficiency and reducing greenhouse gas potential (GWP)[49] - The company has 112 valid patents and 2 software copyrights as of June 2019, including 17 invention patents and 51 utility model patents[52] - The company’s R&D expenses increased by 12.19% to ¥21,168,307.35, reflecting higher investment in research materials and testing costs[56] Financial Position and Assets - The company's total assets at the end of the reporting period were CNY 2,297,175,330.97, an increase of 8.38% from the previous year-end[22] - The company's total assets amounted to approximately 39.50 million yuan, with a net profit of about 2.28 million yuan[67] - The company’s total assets include restricted cash and fixed assets valued at ¥60,422,866.99 due to guarantees for bills and letters of credit[62] - As of June 30, 2019, the total assets amounted to CNY 2,489,701,054.42, an increase from CNY 2,297,175,330.97 at the end of 2018, representing a growth of approximately 8.36%[122] - The company's current assets totaled CNY 1,935,343,597.01, up from CNY 1,872,706,789.26, indicating an increase of about 3.34%[118] Liabilities and Equity - Total liabilities reached CNY 645,423,603.59, compared to CNY 539,856,950.13, which is an increase of approximately 19.56%[123] - The company's equity attributable to shareholders rose to CNY 1,844,277,450.83 from CNY 1,757,318,380.84, showing an increase of about 4.93%[123] - The total equity attributable to shareholders at the end of the reporting period was 1,875,650,573.37, up from 1,561,168,526.94 at the end of the previous period, reflecting a growth of approximately 20.1%[162] - The company’s retained earnings at the end of the reporting period were 661,308,796.37, reflecting a healthy accumulation of profits over time[162] Cash Flow and Financial Management - The net cash flow from operating activities decreased by 48.87% to CNY 67,659,024.03 compared to the same period last year[22] - The company reported a total cash outflow from operating activities of CNY 779,827,737.10, compared to CNY 640,737,815.12 in the previous year, representing an increase of approximately 21.7%[141] - Cash inflow from operating activities totaled CNY 814,424,543.82, compared to CNY 708,396,839.15 in the previous year, indicating an increase of about 14.9%[139] - The ending balance of cash and cash equivalents was CNY 242,519,406.45, down from CNY 262,651,848.27 at the end of the previous year[141] - The company received CNY 44,641,337.34 in tax refunds, an increase from CNY 27,633,054.59 in the same period last year, reflecting a growth of approximately 61.5%[139] Risks and Challenges - Risk factors include potential fluctuations in raw material prices, which could impact profit margins if not managed effectively[17] - The company faces risks related to raw material price fluctuations, inventory management, and the dealer model, which could adversely affect operational performance[73] - Labor costs are expected to rise due to decreasing supply of suitable labor in China, which may adversely affect the company's profitability despite efforts to enhance automation and production efficiency[76] Corporate Governance and Compliance - The company did not propose any profit distribution or capital reserve conversion plans for the half-year period, with no dividends or stock bonuses declared[81] - The company has outlined commitments to compensate investors for losses resulting from any false statements in the IPO prospectus, ensuring investor protection[87] - The company appointed Tianjian Accounting Firm as the auditor for the 2019 fiscal year, approved at the 2018 annual general meeting held on May 20, 2019[88] - There were no significant lawsuits or arbitration matters during the reporting period[88] - The company has not disclosed any significant related party transactions during the reporting period[92]

Financial Performance - Net profit attributable to shareholders of the listed company was ¥57,588,473.72, representing an increase of 82.72% year-on-year[12] - Operating revenue for the period was ¥352,559,132.78, reflecting a growth of 25.47% compared to the same period last year[12] - Basic earnings per share increased to ¥0.14, up 75.00% from ¥0.08 in the same period last year[12] - The weighted average return on net assets rose to 3.22%, an increase of 1.22 percentage points year-on-year[12] - Total operating revenue for Q1 2019 reached ¥352,559,132.78, an increase of 25.5% compared to ¥280,992,635.61 in Q1 2018[46] - Net profit for Q1 2019 was ¥57,588,473.72, representing a 83.0% increase from ¥31,517,942.52 in Q1 2018[46] - The company reported a gross profit of ¥49,743,136.75 for Q1 2019, compared to ¥39,148,282.70 in Q1 2018[46] - The company’s total comprehensive income for Q1 2019 was ¥58,977,179.10, compared to ¥30,399,951.41 in Q1 2018[46] - The basic earnings per share (EPS) for Q1 2019 was CNY 0.14, compared to CNY 0.08 in Q1 2018, representing a 75% increase[48] - The net profit for Q1 2019 reached CNY 58,779,747.81, significantly higher than CNY 19,004,816.75 in Q1 2018, indicating a year-over-year increase of about 209.5%[48] Assets and Liabilities - Total assets at the end of the reporting period reached ¥2,307,530,603.62, an increase of 0.45% compared to the end of the previous year[12] - Total assets increased to ¥2,307,530,603.62 from ¥2,297,175,330.97, reflecting a growth of approximately 0.57%[32] - Non-current assets totaled ¥435,629,350.13, up from ¥424,468,541.71, indicating an increase of about 2.73%[32] - Current liabilities decreased to ¥439,953,164.40 from ¥496,875,914.65, a reduction of approximately 11.43%[32] - Total liabilities decreased to ¥483,233,201.28 from ¥539,856,950.13, a decline of approximately 10.48%[34] - Shareholders' equity rose to ¥1,824,297,402.34 from ¥1,757,318,380.84, reflecting an increase of about 3.80%[34] - Long-term equity investments increased to ¥106,363,499.72 from ¥82,672,364.84, a growth of approximately 28.69%[38] - Fixed assets increased to ¥252,428,176.44 from ¥231,714,583.14, indicating a growth of about 8.92%[38] - Total liabilities amounted to ¥539,856,950.13, with current liabilities at ¥496,875,914.65[65] Cash Flow - The net cash flow from operating activities was -¥54,677,223.67, a decrease of 22.33% compared to the previous year[12] - Cash and cash equivalents decreased by 34.71% to ¥189,299,922.21 from ¥289,923,992.81 due to increased investment in financial products[21] - Cash received from tax refunds rose by 92.68% to ¥24,901,400.59 from ¥12,923,943.34, mainly due to increased export tax rebates[26] - Cash paid for purchasing goods and services increased by 32.03% to ¥242,594,099.50 from ¥183,735,213.20, attributed to higher material procurement costs[26] - Cash paid for fixed assets and other long-term assets increased by 124.34% to ¥24,718,148.48 from ¥11,017,986.45, mainly due to higher land and equipment payments[26] - The cash flow from operating activities for Q1 2019 was negative at CNY -54,677,223.67, compared to CNY -44,695,722.83 in Q1 2018[54] - The cash inflow from operating activities included CNY 230,844,827.42 from sales of goods and services, up from CNY 184,680,372.09 in Q1 2018, reflecting a growth of approximately 25%[56] Shareholder Information - The total number of shareholders at the end of the reporting period was 23,636[18] - The top shareholder, Zhou Junjie, holds 51.45% of the shares, totaling 210,924,000 shares[18] Government Subsidies and Other Income - The company received government subsidies amounting to ¥1,605,350.71, which are closely related to its normal business operations[14] - Other income increased by 88.60% to ¥1,605,350.71 from ¥851,213.46, primarily due to higher government subsidies[24] Expenses - Management expenses increased by 41.42% to ¥29,931,395.61 from ¥21,164,329.47, primarily due to higher equity incentive costs[24] - Financial expenses decreased by 49.14% to ¥6,796,226.30 from ¥13,361,897.79, mainly due to reduced foreign exchange losses[24] - Research and development expenses for Q1 2019 were ¥6,437,000.10, up from ¥5,910,890.77 in Q1 2018[46] Investment Activities - Investment income surged by 582.67% to ¥12,031,121.11 from ¥1,762,362.37, driven by increased financial investments[24] - The cash inflow from investment activities included CNY 116,000,000.00 received from investment recovery, down from CNY 169,000,000.00 in Q1 2018, a decrease of about 31.3%[56]